News > 'It’s just like a grown-up son acquiring father’s business'

'It’s just like a grown-up son acquiring father’s business'

“After 45 glorious years of providing home loans to over 9 million customers, the time is right for HDFC to find a new home. Our new home is with our family, with our own people, but it’s bigger, better and significantly more promising,” said HDFC Chairman Deepak Parekh on Monday, soon after the merger of HDFC Ltd with HDFC Bank was announced.

In a press conference, he explained the nitty-gritty of the proposed transaction.